Bitcoin exchange gains clearance to operate as a real bank in France


Bitcoin-Central is set to become the first Bitcoin exchange to operate as a real bank, thanks to new approvals from French regulators. Run by Paymium, Bitcoin-Central partnered with two French companies — the payment processor Aqoba and bank Credit Mutuel — to create a payment service based on Bitcoins. Customers will be able to deposit their funds into the service in either euros or Bitcoins, and they will be able to easily convert the funds between the two currencies.

Thanks to the approvals from authorities in France, deposits made in euros will benefit from insurance provided by the Garantie des dépôts, a French version of the FDIC in the US. Bitcoin-Central accounts will also be tied into the complete French banking system,…

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